Coronavirus

Daily Market Commentary Flash Note – 9 July 2020

By | 2020-07-09T09:51:32+02:00 July 9th, 2020|Markets and Research|

Currencies Dollar loses ground. Commodities Gold held near the highest level in almost nine years. Equities Global equity markets were mixed as investors digested the latest COVID-19 infections data and the latest tension between the US and China.   Date Region Event Actual/Expected/Prior Implications 07/09 SA Manufacturing Production --/-46.6%/-5.4% A decline of 46.6% expected on [...]

Daily Market Commentary Flash Note – 8 July 2020

By | 2020-07-08T10:13:14+02:00 July 8th, 2020|Markets and Research|

Currencies Global uncertainty sees emerging markets on the back foot. Commodities Oil fell for a third day with rising virus infections in the US. Equities A nervous tone returns to global markets as the Eurozone warns of a deeper recession; The US addresses the HKD/USD peg and US stocks sell off on increased COVID-19 concerns. [...]

Daily Market Commentary Flash Note – 7 July 2020

By | 2020-07-07T09:54:50+02:00 July 7th, 2020|Markets and Research|

Currencies The rand remains cautious; holds around the 17.00 pivot. Commodities Oil held below $41 amid rising coronavirus infections Equities An upbeat report from China lifted global markets.    Date Region Event Actual/Expected/Prior Implications 07/07 SA Consumer Confidence --/-12/-9 Consumer confidence expected to drop even further to -12, reflecting the effects of the covid-19 pandemic. [...]

Daily Market Commentary Flash Note – 6 July 2020

By | 2020-07-06T10:06:48+02:00 July 6th, 2020|Markets and Research|

Currencies Rand recovers over the weekend, currently trading at 16.9500. Commodities Gold climbed as investors sought haven assets amid the rise in coronavirus cases. Equities Nigeria devalued the naira by 5.3%, which would normally see MTN/SHP sell off, but seems priced in.    Date Region Event Actual/Expected/Prior Implications 07/07 SA Consumer Confidence --/-12/-9 Consumer confidence [...]

Daily Market Commentary Flash Note – 3 July

By | 2020-07-03T10:19:17+02:00 July 3rd, 2020|Markets and Research|

Currencies Rand dips and holds below 17.0000. Commodities Oil slipped but remained on track for a weekly gain. Equities Encouraging global economic data and hopes of a COVID-19 vaccine boost market sentiment.   Date Region Event Actual/Expected/Prior Implications 02/07 US Unemployment 11.1%/12.5%/13.3% June unemployment rate 11.1% better than expectations for 12.5%. Nedbank CIB Market Commentary [...]

Daily Market Commentary Flash Note – 2 July 2020

By | 2020-07-02T13:16:08+02:00 July 2nd, 2020|Markets and Research|

Currencies The rand stages a minor recovery towards the 17.0000 level. Commodities Gold held a decline after positive coronavirus vaccine developments. Equities All eyes are on the US monthly jobs report.   Date Region Event Actual/Expected/Prior Implications 01/07 SA Manufacturing PMI 53.9/49.8/50.2 June PMI rises to 53.9. 02/07 US Unemployment --/12.4%/13.3% June unemployment rate expected [...]